Compare Today’s Mortgage Rates in Commerce Township, Michigan 48382
Pureloan is a mortgage search engine that finds the best mortgage rates from top mortgage lenders and major banks in Commerce Township, Michigan 48382.
After exploring all the mortgage options such as fixed-rate, ARM, FHA, VA, USDA, conventional, jumbo, and conforming home mortgages, our calculations show you can save up to $10,752 over the lifetime of your 30-year fixed loan, or a monthly savings of $30 in Commerce Township and other areas of Oakland county. Pureloan is designed to help you find the right mortgage for your financial situation with the most competitive rates available.
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Summary of Average Mortgages in Commerce Township, Michigan 48382
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Commerce Township, Michigan 48382
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Commerce Township, MI 48382. This chart tracks the rates of the five largest nationwide lenders based on historical data from closed mortgage financings and projections using our proprietary modeling.
Historical Mortgage Rates in Commerce Township, Michigan 48382 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Commerce Township, Michigan and around Oakland county to provide insight into trends that may be helpful during your home buying process. This data is derived from actual closed loans.
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| % 30 year fixed mortgage | 93.18% | 91.38% | 88.96% | 81.50% | 86.83% | 80.13% | 77.71% | 77.40% | 78.19% |
| avg mortgage rate | 6.81% | 4.85% | 3.21% | 3.45% | 4.51% | 4.77% | 4.23% | 3.95% | 4.14% |
| % 15 year fixed mortgage | 5.30% | 5.81% | 9.82% | 15.18% | 8.33% | 15.71% | 16.88% | 18.49% | 17.11% |
| avg mortgage rate | 6.10% | 4.06% | 2.63% | 2.90% | 3.83% | 4.20% | 3.41% | 3.10% | 3.32% |
| Avg credit score | 738.14 | 744.83 | 746.40 | 748.73 | 748.99 | 752.39 | 750.95 | 751.26 | 754.98 |
| Avg LTV (loan to value) | 84.17% | 84.73% | 83.90% | 83.60% | 83.35% | 81.23% | 81.23% | 81.89% | 81.74% |
| Avg DTI (debt to income) | 36.02 | 36.32 | 32.86 | 33.23 | 33.58 | 32.55 | 32.37 | 31.62 | 31.69 |
| % First time homebuyer | 31.06% | 35.07% | 30.98% | 25.78% | 25.00% | 21.79% | 16.56% | 26.37% | 13.09% |
| Avg mortgage insurance % | 14.91% | 14.94% | 13.18% | 12.56% | 11.50% | 10.88% | 10.18% | 10.34% | 9.53% |
Best Mortgage Brokers around Commerce Township, Michigan 48382
For those searching for a new home in Commerce Township, we have compiled a list of the top mortgage brokers located in and around Commerce Township, Michigan 48382 to assist you with your search.
Name
Address
Contact
First Credit Funding
8039 Locklin Ln
Commerce Township MI 48382
(248) 366-9109
John Adams Mortgage
8430 Richardson Rd
Commerce Township MI 48382
(248) 360-4207
http://www.johnadamsmortgage.com
Concept Financial
1945 Applebrook Dr
Commerce Township MI 48382
(248) 926-6980
American Home Loans
1111 W Oakley Park Rd
Commerce Township MI 48382
(248) 668-1182
http://www.americanhm.com
Rodsville USA
3174 Martin Rd
Commerce Township MI 48382
(248) 632-6421
Address
8039 Locklin Ln
Commerce Township MI
Contact
(248) 366-9109
Address
8430 Richardson Rd
Commerce Township MI
Contact
(248) 360-4207
http://www.johnadamsmortgage.com
Address
1945 Applebrook Dr
Commerce Township MI
Contact
(248) 926-6980